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23.07.2009, 18:58

Steelmakers look for domestic boost

Russia's steel sector will seek Lower taxes, debt financing and a domestic demand boost from Prime Minister Putin at Friday's meeting in Magnitogorsk.

Protesters shout during a rally near a government building in Chisinau on April 8, 2009 (AFP Photo / Viktor Drachev) 23.07.2009, 11:13

PM calls for lower interest rates

After Russia’s Central Bank cut its refinancing rate to 11 %, Prime Minister Vladimir Putin believes Russian banks should be able to lend at 14 %.

22.07.2009, 16:03

Pava posts FY 2008 Net Profit of 22.7 million Roubles

Russian grain producer, Pava, has posted a FY 2008 Net Profit of 22.7 million Roubles under IFRS.

12.06.2010, 10:51 3 comments

Russia's social largesse in a time of global austerity

Higher than expected oil prices have allowed Russia to cover this year's budget deficit, while boosting social spending. That's while neighbouring countries are doing the opposite.

14.04.2009, 16:34

Budget deficit is to be reduced: Dvorkovich

Tuesday’s meeting of Senior Finance Ministry officials reviewed results of 2008 and plans for the coming years, with anti crisis measures in focus.

13.07.2009, 11:23

Sin taxes set to rise as producers warn of impact

President Medvedev's cabinet will discuss raising taxes on cigarettes, fuel and alcohol on Monday, in a move to cover the budget deficit.

Vladimir Putin (RIA Novosti) 20.04.2010, 21:34

$100 billion outlay puts economy on road to recovery

Presenting a report to the State Duma, Prime Minister Putin said the country avoided the worst pitfalls of the past and that sustainable growth was returning, after $100 billion in anti-crisis spending.

11.08.2009, 20:17 2 comments

Russian economy slumps further in 2Q

2Q data showed Russia's economy is contracting rapidly - while other emerging markets are recovering. The President says its time to change the economic structure, while analysts look for more infrastructure spending.

16.04.2009, 09:21 2 comments

State looks to soften up the hard road ahead with more spending

Russia will spend an additional $13 billion to rebuild its roads as a way to get out of the financial crisis. It's an idea used during the Great Depression by the US and also resembles China’s current stimulus package.

23.09.2009, 15:26 2 comments

PM announces 46% pension jump

Russia will raise pensions by 46% next year, as part of a boost in government spending. Prime Minister Vladimir Putin announced the move at a cabinet meeting on Wednesday.

Dwindling reserves put focus on future outlays

Published: 24 July, 2009, 12:31


Russia has spent a third of its Reserve Fund covering the budget deficit and it’s planning to spend the same amount again in the third quarter.

 
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